Intel Corporation (INTC) : Stokes Hubbell Capital Management reduced its stake in Intel Corporation by 0.29% during the most recent quarter end. The investment management company now holds a total of 63,005 shares of Intel Corporation which is valued at $2,142,170 after selling 186 shares in Intel Corporation , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.Intel Corporation makes up approximately 0.91% of Stokes Hubbell Capital Management’s portfolio.
Other Hedge Funds, Including , Thompson Rubinstein Investment Management Inc Or reduced its stake in INTC by selling 630 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 271,071 shares of INTC which is valued at $9,216,414. Intel Corporation makes up approx 3.53% of Thompson Rubinstein Investment Management Inc Or’s portfolio.Cardinal Capital Management boosted its stake in INTC in the latest quarter, The investment management firm added 2,166 additional shares and now holds a total of 364,491 shares of Intel Corporation which is valued at $12,392,694. Intel Corporation makes up approx 1.35% of Cardinal Capital Management’s portfolio.Summit Financial Wealth Advisors boosted its stake in INTC in the latest quarter, The investment management firm added 1,113 additional shares and now holds a total of 81,429 shares of Intel Corporation which is valued at $2,768,586. Intel Corporation makes up approx 1.15% of Summit Financial Wealth Advisors’s portfolio.New England Research Management boosted its stake in INTC in the latest quarter, The investment management firm added 7,300 additional shares and now holds a total of 47,833 shares of Intel Corporation which is valued at $1,563,182. Intel Corporation makes up approx 1.36% of New England Research Management’s portfolio.
Intel Corporation opened for trading at $35.04 and hit $35.25 on the upside on Wednesday, eventually ending the session at $35.01, with a gain of 0.20% or 0.07 points. The heightened volatility saw the trading volume jump to 2,91,20,904 shares. Company has a market cap of $165,317 M.
On the company’s financial health, Intel Corporation reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.48. The company had revenue of $13801.00 million for the quarter, compared to analysts expectations of $13826.41 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on Intel Corporation. Company shares were Reiterated by Cowen on Jul 11, 2016 to “Market Perform”, Firm has raised the Price Target to $ 36 from a previous price target of $32 .Company shares were Reiterated by RBC Capital Mkts on Jul 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 34 from a previous price target of $33 .Intel Corporation was Upgraded by Bernstein to ” Mkt Perform” on Jul 8, 2016.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs) original design manufacturers (ODMs) and industrial and communications equipment manufacturers in the computing and communications industries. The Companys platforms are used to deliver a range of computing experiences in notebooks 2 in 1 systems desktops servers tablets smartphones and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Companys operating segments include the PC Client Group (PCCG) the Data Center Group (DCG) the Internet of Things Group (IOTG) the Mobile and Communications Group (MCG) the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group Netbook Group and New Devices Group.